# City of Miami Fire Fighters' & Police Officers' Retirement Trust

City of Miami Fire Fighters' & Police Officers' Retirement Trust is a Pension Fund based in Miami, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Miami, United States
- **Region:** North America
- **Address:** Miami, FL, United States
- **Founded:** 1931
- **Assets under management:** ~$1.8B (Altss estimate)
- **Website:** miamifipo.org

## Regulatory record

- **Reports private funds:** No

## About

The City of Miami Fire Fighters' & Police Officers' Retirement Trust was established in 1931 to provide defined-benefit pensions for the city's uniformed personnel. The trust is governed by a board of trustees whose chair, Ornel Cotera, and vice-chair, Monica Fernandez, are both appointed by the City Commission. Dania L. Orta serves as pension administrator, managing day-to-day operations alongside assistant administrator Kassandra Padron. The fund's sole sponsoring employer is the City of Miami. The trust pursues a diversified institutional strategy spanning real estate, infrastructure, and public equities. Real estate constitutes a significant allocation, with commitments to multiple commingled vehicles: TA Realty Core Real Estate Fund, TA Realty Real Estate Fund, CBRE Real Estate Fund, JP Morgan Strategic Property Fund, and JP Morgan Special Property Fund — spanning mixed-use and commercial assets across the United States. Infrastructure exposure runs through the IFM Global Infrastructure Fund, while liquid assets are held in a BlackRock Liquid Policy Portfolio and a commodity index allocation. With approximately $1.8 billion in assets (Altss estimate), the trust maintains its administrative seat in Miami and participates in two peer networks: the International Foundation of Employee Benefit Plans and the Florida Public Pension Trustees Association. The board's committee structure and investment decision-making process flow through appointed trustees who oversee allocation recommendations. Structurally, the trust operates as a single-employer municipal plan — a governance model distinct from state-wide pooled systems. Its investment authority rests entirely with a locally appointed board rather than a centralized state investment council, giving Miami's first-responder pension direct control over manager selection and asset allocation decisions. This hyper-local governance structure means the plan's investment posture directly reflects the risk tolerance and return requirements negotiated between the City of Miami and its uniformed bargaining units.

## Sectors

- Real Estate

## People

- Ornel Cotera — Chair of the Board of Trustees
- Monica Fernandez — Vice-Chair of the Board of Trustees
- Dania L. Orta — Pension Administrator
- Kassandra Padron — Assistant Administrator

## Questions

### Who runs investment decisions at the trust?

A board of trustees governs the fund. The chair, Ornel Cotera, and vice-chair, Monica Fernandez, are appointed by the City Commission. Day-to-day administration is handled by pension administrator Dania L. Orta and assistant administrator Kassandra Padron.

### How is the trust related to the City of Miami?

The City of Miami is the plan's sponsoring employer and appoints trustees to the board. The trust is a legally separate entity — a single-employer defined-benefit plan — tasked with administering retirement benefits exclusively for the city's firefighters and police officers.

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- [Genertec Investment Managers](https://altss.com/profile/genertec-investment-managers)
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Last updated: 2026-08-11T02:43:31.692Z

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